By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
9
Notification Show More
News
Chicago in the Vatican: what America’s first pope means for the Catholic church
1 hour ago
Videos
Nvidia gets a rare Sell rating, analyst explains why
3 hours ago
News
Cars, cows, crops: the winners and losers from Donald Trump’s trade deal with Britain
3 hours ago
Videos
How Amazon Plans To Catch Google And Microsoft In The Quantum Computing Race
4 hours ago
News
Pacific Biosciences of California, Inc. (PACB) Q1 2025 Earnings Call Transcript
4 hours ago
News
Celsius founder Alex Mashinsky sentenced to 12 years in prison
4 hours ago
News
Donald Trump proposes to raise income taxes on wealthy Americans
5 hours ago
News
Bill Gates is giving away $200bn. Can his plans survive in the Trump era?
6 hours ago
News
Bulgarian spy helped Wirecard’s Marsalek plan Kabul airlift for CIA, court told
7 hours ago
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Commodities > Federal Reserve interest rate signals prompt oil price dip
Commodities

Federal Reserve interest rate signals prompt oil price dip

News Room
Last updated: 2023/09/21 at 8:23 AM
By News Room
Share
1 Min Read
SHARE

Oil prices witnessed a decline on Thursday, responding to the potential of an interest rate hike signaled by Federal Reserve officials. The decreased 1.2% to $92.40 per barrel, while the West Texas Intermediate (WTI) dropped 1.3% to $88.57 per barrel.

This downturn marks the second consecutive day of losses for both Brent and WTI, following a substantial surge in prices over the past weeks. Market analysts have been engaged in discussions over whether this upward trend would persist or if profit-taking actions would put a cap on the rally.

The Federal Reserve’s decision has heightened the focus of traders on consolidation. While this move could potentially raise demand concerns for 2024, a statement released by Saxo indicates that market tightness is expected to persist in the near term.

With this shift in Federal Reserve policy, it remains unclear how future oil prices will be impacted. As it stands, it is uncertain whether the recent downward trend will continue or reverse due to these macroeconomic factors.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Read the full article here

News Room September 21, 2023 September 21, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Chicago in the Vatican: what America’s first pope means for the Catholic church

The white smoke that billowed from the Sistine Chapel on Thursday signalled…

Nvidia gets a rare Sell rating, analyst explains why

Watch full video on YouTube

Cars, cows, crops: the winners and losers from Donald Trump’s trade deal with Britain

The leaders of the US and the UK hailed the trade pact…

How Amazon Plans To Catch Google And Microsoft In The Quantum Computing Race

Watch full video on YouTube

Pacific Biosciences of California, Inc. (PACB) Q1 2025 Earnings Call Transcript

Pacific Biosciences of California, Inc. (NASDAQ:PACB) Q1 2025 Earnings Conference Call May…

- Advertisement -
Ad imageAd image

You Might Also Like

Commodities

Russia mulls extra tax for some commodities exports, including metals – sources

By News Room
Commodities

Gold prices tumble as Fed talks higher rates

By News Room
Commodities

Crude oil prices endure downturn amid U.S. interest rate hike anticipation

By News Room
Commodities

China approves export licences for chip materials gallium, germanium

By News Room
Commodities

European energy crisis: ECB, IEA and EIB to strategize on systematic transition amid soaring prices

By News Room
Commodities

Oil prices inch closer to $100 per barrel amid inflation concerns

By News Room
Commodities

Brent Crude Prices May Hit $120 per Barrel, Warns JPMorgan

By News Room
Commodities

Gold Prices Show Slight Dip Ahead of Anticipated Federal Reserve Decision

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?